Date: August 13, 2026
Regulatory Update
Prozone Realty Limited intimated the closure of its application made under Regulation 31A of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 regarding reclassification of promoter group entities. The National Stock Exchange of India (NSE) communicated via letter reference NSE/LIST/PROZONER/542/2026-2027 dated August 12, 2026, that the application has been closed.
The application sought to reclassify the following four entities from the 'Promoter Group' category to the 'Public' category:
- Rakesh Rawat Family Trust
- Mr. Ghanshyam Rawat
- Ms. Vandana Vaidh
- Mrs. Pushpalata Rawat
Reason for Closure
The Exchange stated that queries and clarifications raised regarding the application remained unaddressed despite multiple follow-ups. Due to this prolonged non-response, the application could not be considered under Regulation 31A of the SEBI LODR Regulations and was being returned.
Shareholding Details of Entities Seeking Reclassification
| Sr. No. | Name of Entity/Individual | Number of Shares Held | Percentage of Holding |
| 01. | Rakesh Rawat Family Trust | 35,85,796 | 2.35% |
| 02. | Ghanshyam Rawat | 0 | 0.00% |
| 03. | Vandana Vaidh | 1,620 | 0.00% |
| 04. | Pushpalata Rawat | 0 | 0.00% |
Future Option
The Exchange noted that the company may submit a fresh application along with a complete set of requisite documents and applicable fees if they wish to pursue the matter further.
Additional Information
The communication was signed by Ajayendra Pratap Jain, CS and Chief Compliance Officer of Prozone Realty Limited. The company's registered office is at Unit-A, 2nd Floor, South Tower, Hotel Sahara Star, Opposite Domestic Airport, Vile Parle (East), Mumbai 400099.
The original application was dated November 17, 2025. The Exchange's response was issued by Ajit Mahadik, Senior Manager – Listing Compliance at National Stock Exchange of India Limited.